Imputed Debt definition

Imputed Debt means adjustments to the debt amounts reported on financial statements prepared under generally accepted accounting principles (“GAAP”). Certain obligations do not meet the GAAP criteria of “debt” but have debt-like characteristics; therefore, credit rating agencies “impute debt and interest” in evaluating the financial ratios of a company.
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Examples of Imputed Debt in a sentence

  • The Sweep Event described in clause (b) shall terminate, as applicable, once the Imputed Debt Service Coverage Ratio has been satisfied for a fiscal quarter without taking into account such deposit or Letter of Credit, provided no other Defaults or Events of Default then exist.

  • The Consolidated Loan Debt Service Coverage Ratio shall be measured as of December 31, 1999, and at quarterly intervals thereafter, and for any period shall be determined as the quotient obtained by dividing (a) Adjusted Net Operating Income from all of Borrower's properties for such period by (b) the amount of Borrower's total debt service payments (principal and interest) which would be required to be made during such period, including Imputed Debt Service.

  • The Imputed Debt Service Ratio for the Property shall equal or exceed the ratios set forth below, for the time periods set forth below.

  • Term Loan 2 shall be included in the computation of Imputed Debt Service upon the closing of Term Loan 2 by adding Term Loan 2 to clause (a) above if the Term Loan 1 Interest Rate is applicable thereto or adding Term Loan 2 to clause (b) above if the Revolving Loan Interest Rate is applicable thereto.

  • Borrower shall, at all times, maintain a "Debt Service Coverage Ratio" (Adjusted Net Operating Income divided by Imputed Debt Service) of at least 1.5 to 1, which shall be tested quarterly.

  • Borrower shall, at all times, maintain a "Revolving Loan Debt Service Coverage Ratio" (Adjusted Net Operating Income divided by Imputed Debt Service) of at least 1.5 to 1, which shall be tested beginning on April 1, 2005, and quarterly thereafter.

  • The following section describes what Imputed Debt is, and how it is calculated and used in evaluation.

  • Borrower shall, at all times, maintain a "Debt Service Coverage Ratio" (Adjusted Net Operating Income divided by Imputed Debt Service) of at least 1.20 to 1.00, which shall be tested at the end of each fiscal quarter.

  • As of June 30, 2008 and during any calendar quarter thereafter ending on March 31, June 30, September 30 or December 31 (a “Quarter”), Mortgagor shall not permit the Imputed Debt Service Coverage to be less than 1.20 to 1.00.

  • BASE CASH FLOW TO IMPUTED DEBT SERVICE CHARGES (FACILITY)The Borrower will not, at the end of any fiscal quarter, permit the Borrowing Base Cash Flow to be less than 200% of the Imputed Debt Service Charges (Facility).

Related to Imputed Debt

  • Adjusted Debt means, as of any date, the sum of (i) all Adjusted Indebtedness of the Company and its Subsidiaries on a Consolidated basis on such date and (ii) (x) Rent Expense for the four consecutive fiscal quarter period ended immediately prior to such date or then ending in respect of which financial statements have been delivered pursuant to Section 7.1(a) or 7.1(b) multiplied by six (6).

  • Consolidated Adjusted Debt means, at any time, the sum of, without duplication, (i) Consolidated Funded Indebtedness and (ii) the product of Consolidated Rents multiplied by 6.0.

  • Estimated Indebtedness has the meaning set forth in Section 2.4(a).

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Adjusted Indebtedness means, at any date, the result of (a) Seller’s Indebtedness on such date, minus (b) the unpaid principal of Seller’s Subordinated Debt on such date (to the extent such Subordinated Debt is excluded from Seller’s Indebtedness in calculating Seller’s Adjusted Tangible Net Worth on such date in accordance with the definition thereof).